Rodeo Capital Inc. Closes a $2,340,000 Retail Center Purchase in Oroville California

DEAL HIGHLIGHTS:

 

65% Loan to Value

 

Experienced Commercial Real Estate Developer

 

Signed LOIs in place with 3 National Retail Chains

 

The subject property is a 101,091 sq ft former Walmart site on a 10 acre site. Borrower is experienced with dark commercial properties, having successfully repositioned 9 such properties. Three potential leases in place from national retail chains with over 5,000 locations nationwide plus borrower will be putting one of his fitness gyms into this location. Rodeo Capital's loan allowed the borrower to acquire the property in a time sensitive manner. Borrower will exit Rodeo's loan through a construction loan for Tenant Improvements, after permits are received.

 

 

To View this and other recently closed transactions; please visit our Recent Fundings Page on our website at: https://rodeocapital.com/rodeo-capital-inc-closes-a-2340000-retail-...

 


To learn more about these loans or our overall lending capabilities, please contact Marc Rabkin at 310-909-7334 or mrabkin@rodeocapital.com 

 

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